Experiences and lessons of green growth

Korea is a leader in green growth, having implemented a new paradigm for national economic growth. Korea recognized that the process of rapid economic growth since the 1960s did not take environment considerations into account, leading to environmental deterioration. The new growth paradigm pursued a virtuous relationship between the environment and economy. Korea’s green growth policy seeks to create harmony between the environment and economy, and has served as public policy for significant yet sustainable development. The successful implementation of the green growth policies was attributable to the fact that green growth was not an abruptly or newly created idea. Rather, the advancement of past policy efforts, combined with the green growth paradigm, led to comprehensive economic growth policy. In 2009, the Five-Year Plan for Green Growth was established, and Korea’s green growth policies were actively promoted. (The rest omitted)

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